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Business, 07.02.2022 14:20 jocelynfray16

Boat Emporium (BE) must raise $162 million. To do so, BE expects to issue new common stock. BE's investment banker will charge issuing costs equal to 10 percent of the total amount issued. If the stock can be issued for $80 per share, how many shares must BE sell to net $162 million after flotation costs. Round yout answer to the nearest whole number.

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